Microvision Inc (MVIS)

[Norm2]

Tommy
A post on another IH board provides more follow up on the negative slant in Seeking Alpha

In the small cap space, one name saw a surprising decline caused by what the Company called,
‘enormous inaccuracies’. Microvision, Inc. (MVIS) is a technology Company focused on the miniature
display and imaging engines based on integrated photonics module technology platform.
In layman’s terms, the Company is developing a small projector to be incorporated into handheld
devices to display photos, movies, or presentations.
A blog post on Seeking Alpha had many investors up in arms over the information provided by the
author who disclosed he works for a hedge fund that is short the stock. According to the poster,
MVIS will delay their shipment date and will reportedly be beat to the market by a Texas Instruments
product. The poster also speculates that MVIS will have to raise cash in the coming quarter
at terms made by new investors since the Company has failed to produce the device in time.

"Following the blog’s posting, shares fell from Friday’s close of $3.41 to lows of $2.70 before
rebounding somewhat after the Company responded. According to a Fly on the Wall report who
quoted the Company’s Director of Communications, Matt Nichols, the post had ‘enormous inaccuracies’
and the Company was in the process of meeting milestones of limited introductions in
2008 with large volume production in 2009. Following that report, shares bounced off lows and
closed at $3.01, down over 11% on the day."

The sharp drop probably triggered "stop loss" actions for some MVIS investors. Might have been the real purpose of the blog. But following advice of a poster whom you don't know is risky, including mine.

Norman